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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk) more

Islamic Development Bank plans $500mln sukuk

Posted on 19 March 2009

From Tradearabia.com: Saudi-based Islamic Development Bank (IDB) said on Wednesday it planned a $500 million Islamic bonds (sukuk), issue to finance its 2009 financing programme, the first sukuk issue this year in a tightening industry.

‘We are planning to go ahead with the issue in the next few months,’ the bank’s chairman Ahmed Mohammed Ali said….. Full Article: Source

 
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